DealBook: BlackRock Reports 29% Increase in Earnings

4:41 p.m. | Updated

The giant money manager BlackRock said that investors are showing an increasing willingness to take on risk after years of shying away from it, helping the firm post record profits for the final quarter of 2012.

Over the last few months, BlackRock’s customers have been opting for stocks, or equities, instead of the apparently low-risk investments in bonds that they have favored since the financial crisis, the company’s chief executive, Laurence D. Fink, said. The trend has, if anything, sped up the new year, Mr. Fink said. In the first week of 2013, investors put more money into stock-based mutual funds than any other week in the last five years, according to the data company EPFR.

“It was an extraordinary amount of reallocation into equities and we are benefiting from that,” Mr. Fink said Thursday in a call with analysts. “I think this is going to be one of the major themes of 2013.”

A steady improvement in stock prices has encouraged many investors, but they have also been pushed into stocks by the low interest rates being offered by benchmark government bonds.

Within BlackRock the clearest sign of this movement came in the company’s exchange traded funds business, iShares. During the final three months of 2012, customers put $35.7 billiion into iShares E.T.F.’s, which are baskets of assets that can be traded as a single stock. That is the biggest inflow since BlackRock acquired the iShares business from Barclays in 2009. Most of the new money, $30.1 billion, went into E.T.F.s that hold individual stocks.

BlackRock has aggressively courted this business by starting an aggressive marketing campaign last year and creating a new series of low-cost E.T.F.’s in part to compete with other fund managers who have lowered their fees. Mr. Fink said the new low-cost funds attracted about $4 billion. BlackRock also acquired Credit Suisse’s European E.T.F. business at the end of the fourth quarter.

The influx of money helped push up BlackRock’s revenues and profit, though the company saw growth across most of its business lines, including its hedge funds and consulting operations. The company reported net income of $695 million in the fourth quarter, or $3.96 a share, on an adjusted basis. The earnings were significantly better than the $3.73 a share that analysts polled by Thomson Reuters predicted.

“This is our strongest quarter ever,” Mr. Fink, said in an interview. “Things just all came together.”

The firm said that its board had voted to increase the quarterly dividend 12 percent, to $1.68, and to increase its share buyback program. BlackRock’s stock rose sharply after the announcement, closing the day up 4.4 percent, at $232 a share.

The company’s success in the fourth quarter was driven in part by customers entrusting it with more money to manage. The total amount of money being managed by BlackRock climbed 8 percent from a year earlier, to $3.79 trillion. But the profits were also helped by customers moving or being put into products that charge higher fees.

Last year, it appeared that the breakneck growth that BlackRock had been experiencing for years was slowing, with quarterly profits slipping. Now, though, the company has found a way through marketing, management changes and new acquisitions to continue growing despite its size. Mr. Fink said that the slower growth had been caused by acquisitions and by investments the company was making, which are now helping the company’s performance.

“We’ve said it was going to take some time to reorganize,” Mr. Fink said . “It’s all starting to pay off.”

The fourth-quarter results excluded several one-time adjustments related mostly to charges incurred as a result of regulatory changes. Factoring in those adjustments, BlackRock earned $690 million on $2.5 billion in revenue in the fourth quarter.

Read More..

China Arrests 7 in New Effort to Stop Tibetan Self-Immolations

BEIJING — The authorities in northwest China have detained seven people they claim organized the fatal self-immolation of a Tibetan villager in October, photographed his burning body and then sent the images abroad.

The arrests, announced Tuesday by Xinhua, the official news agency, suggest that the Chinese government is increasing the use of its newest strategy against the politically motivated suicides in Tibetan areas of China: punishing friends and relatives of those who self-immolate.

The Xinhua report blamed a Tibetan advocacy group in India for convincing the villager, Sangye Gyatso, a 27-year-old father of two, that self-immolation was a “heroic deed” and that it would improve his family’s standing.

A spokesman for the group, the Tibetan Youth Congress, rejected the accusations, calling them “ridiculous.”

With the accumulated toll of self-immolations approaching 100, Beijing has been scrambling to find effective deterrents to such acts, which began in 2009 as a desperate attempt to publicize what many Tibetans consider heavy-handed Chinese policies. In the early months of the crisis, officials sought to demonize self-immolators as terrorists or mentally deranged people. The authorities also locked down the most restive towns and monasteries, preventing monks from leaving or foreign journalists from entering.

Such measures appear to have done little to quell the protests, prompting officials to try new tactics. In Tongren County, in Qinghai Province, the authorities recently issued new regulations that permanently revoke public benefits for the families of self-immolators and cancel government-financed projects in their hometowns. If a monk or nun visits the home of a self-immolator, their monastery is to be shut down as punishment, according to the rules.

In recent weeks, more than a dozen people across the region have been charged with inciting self-immolations or accused of spreading information about the incidents via text message or e-mail. Last month, eight people were detained on accusations of trying to publicize a self-immolation near a government office in Luchu County in Gansu Province. Among those arrested, exile groups say, was a relative of the deceased.

In October, four young Tibetans in Sichuan Province were given sentences ranging from 7 to 11 years; two were convicted of encouraging their friend to self-immolate, and the other two for leaking news of the incident to “outside contacts.”

In the most recent case in Gansu Province, Xinhua said one of the seven detained men, a Buddhist monk named Khyi Gyatso, had joined the Tibetan Youth Congress in Dharamsala, India, after escaping in 2000. But the monk, Xinhua said, stayed in touch with his boyhood friend, Sangye Gyatso, and persuaded him through phone calls and e-mails to “contribute to the cause of Tibetans” by setting himself on fire.

Xinhua said Sangye Gyatso — whom it described as a convicted thief, perennially unemployed and a chronic womanizer — fell under the monk’s sway. He later told three friends about the time and place of his self-immolation so they could take photographs and share them with overseas groups, including representatives of the Dalai Lama, the exiled spiritual leader regarded by China as a subversive. “Shortly thereafter,” Xinhua said, “the Dalai clique launched a high-profile ‘propaganda’ campaign on the well-orchestrated incident, claiming there was a ‘humanitarian crisis’ in China and calling for the international community to interfere.”

Tenzin Norsang, joint secretary of Tibetan of Youth Congress in Dharamsala, said the group had no connection to Sangye Gyatso’s death, adding that the intense government restrictions and monitoring limited communication between Tibetans in China and abroad.

“Those who are self-immolating have been living under Chinese rule for more than 50 years — they don’t need anyone to tell them what to do,” he said. “Instead of blaming outsiders, the Chinese government could end the self-immolations by re-examining and changing their own repressive policies.”

Read More..

Eagles get their man, hire Oregon's Chip Kelly

PHILADELPHIA (AP) — In the end, Chip Kelly chose the NFL, giving the Eagles their guy.

Philadelphia hired Kelly on Wednesday, just 10 days after he decided to stay at Oregon. The 49-year-old Kelly, known as an offensive innovator, becomes the 21st coach in team history and replaces Andy Reid, who was fired on Dec. 31 after a 4-12 season.

He'll be introduced at a news conference Thursday at 1:30 p.m. at the Eagles' practice facility.

Kelly, who was 46-7 in four years at Oregon, interviewed with the Eagles, Cleveland Browns and Buffalo Bills in a two-day span after leading the fast-flying No. 2 Ducks to a victory over Kansas State in the Fiesta Bowl on Jan. 3.

The Eagles are known to have interviewed 11 candidates, including two meetings with Seahawks defensive coordinator Gus Bradley. All along, Kelly was thought to be Philadelphia's first choice in a long, exhaustive process that took many twists.

"Chip Kelly will be an outstanding head coach for the Eagles," owner Jeffrey Lurie said in a statement. "He has a brilliant football mind. He motivates his team with his actions as well as his words. He will be a great leader for us and will bring a fresh energetic approach to our team."

On the day he fired Reid, Lurie appeared to be describing Kelly when he said he wanted to find a "real smart, forward-thinking coach" who is "strategic, a strong leader, very comfortable in his own skin."

The enigmatic Kelly reportedly was close to signing with the Browns after a long interview on Jan. 4. He met with the Eagles for nine hours the next day, setting up a soap-opera scenario in which the Eagles were competing with Browns CEO Joe Banner, their former president and longtime friend of Lurie who left the organization after a falling out.

But that roller coaster ended when Kelly opted to remain — temporarily — in Eugene, Ore. At the time, it was the second straight year Kelly had entertained overtures from NFL teams only to reject them. He turned down Tampa Bay's job deep into negotiations last season.

The Eagles interviewed two other high-profile college coaches — Penn State's Bill O'Brien and Notre Dame's Brian Kelly. Both of them elected to stay with their schools and Philadelphia issued a statement saying it would continue its search as planned.

"There is no question we spent a considerable amount of time and effort looking at who we thought were the best collegiate candidates. We did so knowing that there was a remote chance that these coaches would leave their current posts," the team stated on Saturday. "We understood that going into the process, but we wanted to leave no stone unturned while trying to find the best coach. We have no regrets about the effort we made in that direction."

Bradley was considered by many to be the leading contender, though former Cardinals coach Ken Whisenhunt and former Ravens coach Brian Billick were in the mix.

That all changed when Kelly had a change of heart.

The visor-wearing Kelly built Oregon into a national powerhouse. The Ducks went to four straight BCS bowl games — including a bid for the national championship against Auburn two seasons ago — and have won three Pac-12 championships.

Kelly originally went to Oregon in 2007 as offensive coordinator under Mike Bellotti. Before that, he was offensive coordinator at New Hampshire, where he started devising the innovative hurry-up offense the Ducks are known for now.

Oregon finished last season 12-1. The team was ranked No. 1 and appeared headed for another shot at the national championship until a 17-14 overtime loss to Stanford on Nov. 17.

It's unknown whether the possibility of NCAA sanctions based on Oregon's use of recruiting services factored into Kelly's reversal. Kelly indicated in Arizona that he isn't running from anything.

"We've cooperated fully with them," he said. "If they want to talk to us again, we'll continue to cooperate fully. I feel confident in the situation."

Following the bowl, Kelly said he wanted to get the interview process over "quickly." Turns out, it was anything but.

"It's more a fact-finding mission, finding out if it fits or doesn't fit," Kelly said after the Ducks defeated the Wildcats, 35-17. "I've been in one interview in my life for the National Football League, and that was a year ago. I don't really have any preconceived notions about it. I think that's what this deal is all about for me. It's not going to affect us in terms of we're not on the road (recruiting). I'll get an opportunity if people do call, see where they are.

"I want to get it wrapped up quickly and figure out where I'm going to be."

Kelly, who never said if he was leaning one way or another following the bowl, doesn't have any pro coaching experience, but aspects of his up-tempo offense are already being used by some NFL teams, including New England and Washington.

"I said I'll always listen, and that's what I'll do," he said at the time. "I know that people want to talk to me because of our players. The success of our football program has always been about our guys. It's an honor for someone to say they'd want to talk to me about maybe moving on to go coach in the National Football League. But it's because of what those guys do. I'll listen, and we'll see."

The Eagles fired Reid after two forgettable years. A late flurry brought the team to an 8-8 finish last season, but this season, Philadelphia endured an eight-game losing streak, and dropped 11 of its final 12 games. A 3-1 start soon washed away, and Reid's 14-year tenure ended not long after. Within a week, Reid was Kansas City's new coach.

Still, Kelly has tough shoes to fill. Reid won more game than any coach in franchise history and led the Eagles to nine playoff appearances, six division titles, five conference championship games and a loss to New England in the Super Bowl following the 2004 season.

Kelly and the Eagles, who have won just 12 games the last two seasons, after winning the NFC East in 2010, have the No. 4 overall pick in the draft as well as some talented players on offense who could fit his up-tempo scheme. Running back LeSean McCoy and wide receivers DeSean Jackson and Jeremy Maclin seem like an ideal match. Quarterback Nick Foles, however, isn't.

"I've never run the zone read," Foles said after the season. "I'm more of a dropback guy. I've been under center. I've been in the gun. If I can adapt, I want to. But I'm not a zone-read quarterback. Some people are gifted with different things. That's just not one of my skill sets. I can work on the speed in the offseason and get better with that. But I've always been a dropback guy in the pocket. I've been able to make plays on my feet throwing the ball or running for a first down."

On the other hand, Michael Vick could be perfect. But it's unlikely the Eagles would want to pay the $16 million they'd have to shell out for an injury-prone quarterback, who will be 33 next season.

Kelly had high praise for Foles after Oregon beat Arizona 56-31 in September 2011.

"I'll tell you what; I'm glad Nick Foles is graduating," Kelly said at that time. "I catch myself watching him in awe sometimes. Nick is a hell of a football player. That kid's a warrior. He's as good as anyone in the country."

Others interviewed by Lurie, general Howie Roseman and president Don Smolenski were former Bears coach Lovie Smith, Atlanta assistants Mike Nolan and Keith Armstrong, former Broncos offensive coordinator Mike McCoy and Bengals offensive coordinator Jay Gruden.

The first Eagles to react to Kelly's hiring on Twitter were defensive players.

Defensive end Brandon Graham wrote: "Happy to have Chip Kelly!! Now it's time to get to work!"

Safety Kurt Coleman wrote: "Welcome Chip Kelly to the Eagles family. Can't wait to see what he brings to the team in 2013!"

Oregon's players gave Kelly a Gatorade bath at the end of his last game, and some seemed resigned to their coach moving on.

"We're all behind him. He's an unbelievable coach," quarterback Marcus Mariota said. "He's not only a coach, but he's someone that you can look to and learn a lot of life lessons from. Whatever happens, happens.

"We'll see where it takes us."

Kelly took the road to Philadelphia and the NFL.

___

Follow Rob Maaddi on Twitter: https://twitter.com/RobMaaddi

___

Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL

Read More..

Study Links Segregation and Lung Cancer Deaths in Blacks

African-Americans who live in highly segregated counties are considerably more likely to die from lung cancer than those in counties that are less segregated, a new study has found.

The study was the first to look at segregation as a factor in lung cancer mortality. Its authors said they could not fully explain why it worsens the odds of survival for African-Americans, but hypothesized that blacks in more segregated areas may be less likely to have health insurance or access to health care and specialty doctors. It is also possible that lower levels of education mean they are less likely to seek care early, when medical treatment could make a big difference. Racial bias in the health care system might also be a factor.

“If you want to learn about someone’s health, follow him home,” said Dr. Awori J. Hayanga, a heart and lung surgeon at the University of Pittsburgh Medical Center, who was the lead author of the study.

The study, published in JAMA Surgery on Wednesday, divided all counties in the country into three levels of segregation: high, medium and low. It found that lung cancer mortality rates, a ratio of deaths to a population, were about 20 percent higher for blacks who lived in the most segregated counties, than for blacks living in the least segregated counties.

Lung cancer is the top cause of preventable death in the United States. Blacks have the highest incidence of it and are also more likely to die from it. For every million black males, 860 will die from lung cancer, compared with 620 white males among every million white males. The rates were calculated over the period of the study, from 2003 to 2007.

The study drew on federal mortality data from that period, and segregation data from about a third of United States counties that had African-American populations large enough to measure. About 28 percent of the American population lives in counties with low segregation, 40 percent in counties with moderate segregation, and 32 percent in counties with high segregation.

The gap in outcomes persisted even after accounting for differences in smoking rates and socio-economic status, said Dr. Hayanga said.

For whites, high levels of segregation had the opposite effect, a finding that surprised the authors. Whites who lived in highly segregated counties had about 6 percent lower mortality rates from lung cancer than those who lived in the least segregated counties, though researchers pointed out that the difference was slight enough that it was not clear whether it was meaningful.

Dr. David Chang, director of outcomes research at the University of California San Diego Department of Surgery, who wrote an accompanying editorial, said he hoped that the study would focus attention on the environmental factors involved in the stark disparities in health outcomes in the United States because they lend themselves to change through policy. Medical researchers tend to focus on factors like the genetics and the behaviors of individuals that are harder to change.

“We don’t need drugs or genetic explanations to fix a lot of the health care problems we have,” he said.

Read More..

Bits Blog: Facebook Unveils a New Search Tool

8:53 p.m. | Updated

MENLO PARK, Calif. — Facebook has spent eight years nudging its users to share everything they like and everything they do. Now, the company is betting it has enough data so that people can find whatever they want on Facebook. And on Tuesday, it unveiled a new tool to help them dig for it.

The tool, which the company calls graph search, is Facebook’s most ambitious stab at overturning the Web search business ruled by its chief rival, Google. It is also an effort to elbow aside other Web services designed to unearth specific kinds of information, like LinkedIn for jobs, Match for dates and Yelp for restaurants.

Facebook has spent over a year honing graph search, said Mark Zuckerberg, the company’s co-founder and chief executive, at an event here at Facebook’s headquarters introducing the new product. He said it would enable Facebook users to search their social network for people, places, photos and things that interest them.

That might include, Mr. Zuckerberg offered, Mexican restaurants in Palo Alto that his friends have “liked” on Facebook or checked into. It might be used to find a date, dentist or job, other Facebook executives said.

“Graph search,” Mr. Zuckerberg said, “is a completely new way to get information on Facebook.”

Graph search will be immediately available to a limited number of Facebook users — in the “thousands,” Mr. Zuckerberg said — and gradually extended to the rest.

Every Internet platform company has been interested in conquering search.

But Facebook search differs from other search services because of the mountain of social data the company has collected over the years. It knows which parks your friends like to take their children to, or which pubs they like to visit, and who among their network is single and lives nearby.

The company is betting that its users are more eager to hear their friends’ recommendations for a restaurant than advice from a professional food critic or from a stranger on Yelp.

Its search tool is based on the premise that the data within Facebook is enough and that its users will have little reason to venture outside its blue walled garden. What they cannot find inside the garden, its search partner, Bing, a Microsoft product, will help them find on the Web.

For now, the Facebook tool will mine its users’ pictures, likes and check-ins, but not their status updates. Graph search, Mr. Zuckerberg explained, is aimed at answering questions based on the data contained in your social network, not serving you a list of links to other Web sites.

Say, for example, you are searching for a grocery store in Manhattan. You would type that question into a box on your Facebook page and the results would show stores your friends liked or where they had checked in.

It remains unclear how users will react to having others mine the data they share on Facebook. Mr. Zuckerberg took pains to reassure users that what they post would be found only if they wanted it to be found. Before the new search tool is available to them, he said, users will see this message: “Please take some time to review who can see your stuff.” Facebook tweaked its privacy controls last December.

Mr. Zuckerberg said Tuesday that initially, photos posted on Instagram, which Facebook owns, would not be part of the database of photos that can be searched. Nor would he specify how soon graph search would be available to those who log in using the Facebook app on their cellphones.

The search tool is plainly designed with an eye toward profits. If done right, said Brian Blau, an analyst with Gartner, it could offer marketers a more precise signal of a Web user’s interests. “It’s going to lend itself to advertising or other revenue-generating products that better matches what people are looking for,” he said. “Advertisers are going to be able to better target what you’re interested in. It’s a much more meaningful search than keyword search.”

News of the new search tool offered a modest lift to Facebook shares, which rose 2.7 percent to a close at $30.10 Tuesday. Google remained stable, with a share price of nearly $725. Google retains two-thirds of the search market, and Facebook’s search tool by itself is not likely to affect Google’s business.

Still, introduction of graph search sharpens the divide between Facebook and Google.

“If Facebook can truly provide relevant answers based on mining data from the social graph, it has an advantage,” said Venkat N. Venkatraman, a business professor at Boston University.

Google has been scrambling for several years to collect social data and incorporate it into search results, as Web users increasingly turn to social networks to seek friends’ recommendations.

It introduced Google Plus, its Facebook rival, in 2011, and from the beginning said its main purpose was to use social information to improve and personalize all Google products, from search to maps to ads. Last year, Google began showing posts, photos, profiles and conversations from Google Plus in Google search results. A search for restaurants in Seattle, for instance, could show posts and photos shared by friends in addition to links from around the Web. Google declined to comment for this article.

The kind of personal search that Facebook is promising is rife with potential privacy hazards, which Mr. Zuckerberg acknowledged repeatedly. “The search we wanted to build is privacy aware,” he maintained. “On Facebook, most of the things people share with you isn’t public.”

The American Civil Liberties Union immediately posted a warning, reminding Facebook users to review their privacy settings. It pointed out that advertisers who, until now, could target only certain categories of people anonymously — “users under 35 who live in Texas,” for instance — could now find specific users under 35 who live in Texas, if their privacy settings allowed them to be found. It cautioned that “controlling your personal data means controlling not only who can see your information but how it can be found and what can be done with it.”

But Facebook pointed out that even though a business owner could personally search for specific personal data, a brand page could not. Detailed searching of Facebook data for the sake of sending promotional messages would violate the site’s internal policies.

The search team was led by two former Google engineers, Lars Rasmussen and Tom Stocky. As they explained in a blog post on the Facebook Engineering Department page, graph search solves a problem of Facebook’s own making: it has collected so much information.

“As people shared more and more content, we saw that we needed to give them better ways to explore and enjoy those stories and memories,” they wrote.

Read More..

$149 Android Tablet from Asus Coming in April

By the end of this month, Amazon‘s Kindle Fire may no longer be the cheapest “real” tablet out there. PC hardware manufacturer Asus, the brand name behind Google‘s Nexus 7 device, is coming out with another 7-inch tablet called the Asus MeMO Pad, which will start at $ 149. The MeMO Pad will launch in “selected markets” this January, and will make it to the United States sometime in April, according to Phandroid’s Kevin Krause.

Here’s a look at the features the MeMO Pad has that the Kindle Fire and Nexus 7 don’t, and what got cut to bring it in under the $ 150 mark.

A look at the hardware

About the same size and shape as other 7-inch tablets, the MeMO Pad is powered by an underwhelming 1 GHz single-core processor from VIA, putting it roughly in line with a budget smartphone performance-wise. It has 1 GB of RAM, 8 GB of internal storage, and basic features like a front-facing webcam and a microSD card slot for expandable storage. The MeMO Pad will come in gray, white, and pink.

Jelly Bean under the hood

While the Kindle Fire runs Amazon’s proprietary version of Android (which is so heavily modified as to basically be a “Kindle OS”), the MeMO Pad runs the same up-to-date version of Android as the Nexus 7, Android 4.1 Jelly Bean. Unlike with the Nexus device, however, which is loaded exclusively with Google apps to start with, Asus saw fit to bundle about a half-dozen of its own apps as well, like “SuperNote Lite” and “ASUS Studio.”

Unlike the Kindle Fire, which can only buy apps from Amazon’s store, the MeMO Pad will have the Google Play store (the former Android Market) preinstalled. It will be able to install the Amazon Appstore and Kindle app as well, just like other Android devices can.

Compared to other tablets

The device which compares closest, price-wise, to the MeMO Pad is Amazon’s $ 159 Kindle Fire. For the price, you get half the RAM but a dual-core 1.2 GHz processor, as well as another hour or so of battery life. The Kindle lacks the MeMO Pad’s webcam or expandable memory, but the biggest tradeoff may be the Kindle’s pure Amazon experience — complete with ads on your homescreen — versus the MeMO Pad’s almost-pure Android.

Asus’ own Nexus 7 starts at $ 199 and lacks expandable memory, but for the price you get 16 GB of storage instead of 8. (That’s more than double when you consider that Android and Asus’ apps take up part of it.) It has a much sharper screen than the MeMO Pad, and a much more powerful Tegra 3 processor, which is capable of playing “THD” enhanced games. Finally, it has (more expensive) 3G options, and is available now instead of in April.

Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.

Linux/Open Source News Headlines – Yahoo! News

Title Post: $149 Android Tablet from Asus Coming in April
Url Post: http://www.news.fluser.com/149-android-tablet-from-asus-coming-in-april/
Link To Post : $149 Android Tablet from Asus Coming in April
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

The Lede Blog: Video of Aleppo University Bombing

Last Updated, 4:47 p.m. Video posted online by Syrian opposition activists appeared to show the moment one in a series of deadly explosions struck the campus of Aleppo University on Tuesday.

Video said to capture an explosion on the campus of Aleppo University in Syria on Tuesday, uploaded to the Web by opposition activists.

The brief clip, uploaded to the YouTube channel of the ANA New Media Association (formerly the Syrian Activists News Association), begins with a view of smoke rising from a university building as students mill about. Moments later, following a very loud explosion close to the camera, students run for cover and a much larger plume can be seen above the building.

A description of the video posted on YouTube by ANA, which is run from Cairo by the British-Syrian activist Rami Jarrah, said that the video was filmed by an activist just after the university was hit by a missile fired from a Syrian Air Force MIG fighter jet, and captured the impact of a second airstrike.

Another video clip, uploaded to the Web earlier in the day, appeared to offer a more distant view of the plumes of smoke above the campus. Mr. Jarrah, who blogs as Alexander Page, suggested that one part of the video showed the fighter jet’s contrail in the sky over the damaged buildings.

NEW FOOTAGE: Shows trail of Jet Fighter seconds after Airstrike on University of #Aleppo http://t.co/CRk3C8wb Syrian state TV Lie

— Alexander Page (@AlexanderPageSY) 15 Jan 13

While opposition activists insisted that the blasts, which killed more than 80 people according to the government, were the result of airstrikes by President Bashar al-Assad’s air force, state-controlled television channels claimed that “terrorists” had fired rockets at the campus.

The pro-Assad satellite channel al-Ikhbaria broadcast video of the aftermath, showing extensive damage to the campus and victims being rushed from the scene as on-screen text blamed the attack on rebel forces.

Video from the pro-government Syrian satellite channel al-Ikhbaria showed the aftermath of bombings at Aleppo University on Tuesday

A blogger in Aleppo who supported peaceful protests against the Assad government but has been fiercely critical of the armed rebellion, Edward Dark, described the carnage as a result of an air attack that was “probably a mistake, not an intentional bombing.”

just now: regime jet bombs Aleppo Uni faculty of architecture as students are taking tests. this is in a peaceful regime held area #Syria

— edward dark (@edwardedark) 15 Jan 13

@APHClarkson no, I think it was probably a mistake, not an intentional bombing

— edward dark (@edwardedark) 15 Jan 13

Restrictions on independent reporting in Syria make it hard to confirm who was responsible for the explosions, but the university is in a government-controlled area of the city and large anti-Assad demonstrations there last May were harshly dealt with by the security forces, despite the presence of United Nations observers.

A pair of video clips posted on YouTube shortly after the bombings showed extensive damage to what was described as the university’s architecture school. In one of the clips, dazed students made their way through shattered glass, carrying a wounded man on a table, in the entrance hall to the architecture faculty pictured on the university’s Web site.

Video said to show the badly damaged school of architecture at Aleppo University on Tuesday.

Video of a wounded man being evacuated from Aleppo University’s school of architecture on Tuesday.

Another pro-Assad satellite channel, Addounia, broadcast a report blaming “a terrorist group” for the bombings — which was uploaded, with English subtitles, to YouTube.

A video report on bombings at Aleppo University from Addounia, a pro-Assad satellite channel.

Writing on Twitter, a Syrian-American from Aleppo who uses the pen name Amal Hanano posted links to photographs of three people identified as victims of the bombings by activists on social networks.

Muhanned Assi, 1st year Civil Engineering student. Killed in today’s bombing in University of #Aleppo. #RIP #Syria http://t.co/Wj3o5kII

— Amal Hanano (@AmalHanano) 15 Jan 13

Fahed Miri, 23, refugee living in the dorms, volunteer, killed in today’s bombing in University of #Aleppo. #RIP #Syria http://t.co/Z8mjJGdM

— Amal Hanano (@AmalHanano) 15 Jan 13

Sawsan Haqi, mother of 3, grandmother of 2, beloved citizen, killed today in University of #Aleppo bombing. #RIP #Syria http://t.co/WTjENdhZ

— Amal Hanano (@AmalHanano) 15 Jan 13

Read More..

Harbaugh brothers try again for a Super Bowl first

(Reuters) - A year after becoming the first brothers to face each other as NFL head coaches, John and Jim Harbaugh are once again one win away from taking their sibling rivalry to new heights in the Super Bowl.

John's Baltimore Ravens play the New England Patriots for the AFC title while Jim's San Francisco 49ers play Atlanta for the NFC crown and wins by each would turn the Super Bowl into a family affair.

The Ravens coach has already made his weekly phone call to the 49ers coach, this time touching on the explosiveness of the Patriots, who were beaten 41-34 by San Francisco at Gillette Stadium last month after coming back from a 28-point deficit.

"We have a little bit," John Harbaugh told reporters at a news conference on Monday when asked about discussing New England. "We probably will some more."

Details were not made available under the cloak of family secrets.

"I can't tell you," John Harbaugh said. "He has so much respect for them. In all honestly, what is there to say? There's nothing really that they have that we don't have.

"There aren't any revelations there. Tough place to play - great, great team. You get a lead, it's going to be tough to hold onto it. I think we may have mentioned that once or twice," he said with a laugh.

It is no secret that coaching is in their blood as the Harbaugh brothers grew up watching their father, Jack, operate as a football coach in a 41-year career from the high school level up through the college ranks.

John Harbaugh, the elder brother by 15 months, went straight into coaching after his days as a defensive back at Miami University (Ohio), and eventually graduated from special teams coordinator for the Philadelphia Eagles into the Ravens top job.

Jim Harbaugh went from University of Michigan quarterback to a 15-year NFL career that took him from the Chicago Bears to Indianapolis, Baltimore, San Diego and Carolina.

He moved from the head coaching position at Stanford University, where he guided 2012 top NFL draft pick Andrew Luck, into the 49ers job, following a path taken by former San Francisco coach Bill Walsh.

Jim clearly picked up his unbridled energy and optimism from his father, paying tribute to him at the 2006 news conference announcing his hiring at Stanford.

"I vow I will attack this endeavor with enthusiasm unknown to mankind," Jim Harbaugh said, echoing the parting words his father delivered to the boys each day before dropping them off at school.

Asked how his team would prepare for the Falcons and the hostile environment of the Georgia Dome, the Niners' coach said: "We are just going to plow ahead with our focus ... and then go out and compete like maniacs."

The brothers, who shared a bedroom for close to 18 years, remain close.

"It's a pretty cool thing," John said about a possible Harbaugh Bowl in New Orleans for the NFL title. I'm very proud of Jim."

Said Jim: "I'm proud of my brother and what he's accomplished and proud of our guys for being in the position they're in and ready to forge ahead."

Jack Harbaugh and his wife, Jackie, watched their sons win their respective NFL playoff games and in an embarrassment of weekend TV riches also saw son-in-law Tom Crean coach the University of Indiana basketball team to a win over Minnesota in their TV room in the basement of their Wisconsin home.

"He was excited," Jim Harbaugh said about the phone chat with his father after the games.

"My parents are in their 70s. That's a lot of excitement. That's a lot of action. That's like going back-to-back-to-back like three ‘24' episodes in a row," he said in reference to the TV series. "It's not easy."

(Reporting by Larry Fine in New York; Editing by Frank Pingue)

Read More..

Well: How to Go Vegan

When I first heard former President Bill Clinton talk about his vegan diet, I was inspired to make the switch myself. After all, if a man with a penchant for fast-food burgers and Southern cooking could go vegan, surely I could too.

At the grocery store, I stocked up on vegan foods, including almond milk (that was the presidential recommendation), and faux turkey and cheese to replicate my daughter’s favorite sandwich. But despite my good intentions, my cold-turkey attempt to give up, well, turkey (as well as other meats, dairy and eggs) didn’t go well. My daughter and I couldn’t stand the taste of almond milk, and the fake meat and cheese were unappealing.

Since then, I’ve spoken with numerous vegan chefs and diners who say it can be a challenge to change a lifetime of eating habits overnight. They offer the following advice for stocking your vegan pantry and finding replacements for key foods like cheese and other dairy products.

NONDAIRY MILK Taste all of them to find your favorite. Coconut and almond milks (particularly canned coconut milk) are thicker and good to use in cooking, while rice milk is thinner and is good for people who are allergic to nuts or soy. My daughter and I both prefer the taste of soy milk and use it in regular or vanilla flavor for fruit smoothies and breakfast cereal.

NONDAIRY CHEESE Cheese substitutes are available under the brand names Daiya, Tofutti and Follow Your Heart, among others, but many vegans say there’s no fake cheese that satisfies as well as the real thing. Rather than use a packaged product, vegan chefs prefer to make homemade substitutes using cashews, tofu, miso or nutritional yeast. At Candle 79, a popular New York vegan restaurant, the filling for saffron ravioli with wild mushrooms and cashew cheese is made with cashews soaked overnight and then blended with lemon juice, olive oil, water and salt.

THINK CREAMY, NOT CHEESY Creaminess and richness can often be achieved without a cheese substitute. For instance, Chloe Coscarelli, a vegan chef and the author of “Chloe’s Kitchen,” has created a pizza with caramelized onion and butternut squash that will make you forget it doesn’t have cheese; the secret is white-bean and garlic purée. She also offers a creamy, but dairy-free, avocado pesto pasta. My daughter and I have discovered we actually prefer the rich flavor of butternut squash ravioli, which can be found frozen and fresh in supermarkets, to cheese-filled ravioli.

NUTRITIONAL YEAST The name is unappetizing, but many vegan chefs swear by it: it’s a natural food with a roasted, nutty, cheeselike flavor. Ms. Coscarelli uses nutritional yeast flakes in her “best ever” baked macaroni and cheese (found in her cookbook). “I’ve served this to die-hard cheese lovers,” she told me, “and everyone agrees it is comparable, if not better.”

Susan Voisin’s Web site, Fat Free Vegan Kitchen, offers a nice primer on nutritional yeast, noting that it’s a fungus (think mushrooms!) that is grown on molasses and then harvested and dried with heat. (Baking yeast is an entirely different product.) Nutritional yeasts can be an acquired taste, she said, so start with small amounts, sprinkling on popcorn, stirring into mashed potatoes, grinding with almonds for a Parmesan substitute or combining with tofu to make an eggless omelet. It can be found in Whole Foods, in the bulk aisle of natural-foods markets or online.

BUTTER This is an easy fix. Vegan margarines like Earth Balance are made from a blend of oils and are free of trans fats. Varieties include soy-free, whipped and olive oil.

EGGS Ms. Coscarelli, who won the Food Network’s Cupcake Wars with vegan cupcakes, says vinegar and baking soda can help baked goods bind together and rise, creating a moist and fluffy cake without eggs. Cornstarch can substitute for eggs to thicken puddings and sauces. Vegan pancakes are made with a tablespoon of baking powder instead of eggs. Frittatas and omelets can be replicated with tofu.

Finally, don’t try to replicate your favorite meaty foods right away. If you love a juicy hamburger, meatloaf or ham sandwich, you are not going to find a meat-free version that tastes the same. Ms. Voisin advises new vegans to start slow and eat a few vegan meals a week. Stock your pantry with lots of grains, lentils and beans and pile your plate with vegetables. To veganize a recipe, start with a dish that is mostly vegan already — like spaghetti — and use vegetables or a meat substitute for the sauce.

“Trying to recapture something and find an exact substitute is really hard,” she said. “A lot of people will try a vegetarian meatloaf right after they become vegetarian, and they hate it. But after you get away from eating meat for a while, you’ll find you start to develop other tastes, and the flavor of a lentil loaf with seasonings will taste great to you. It won’t taste like meat loaf, but you’ll appreciate it for itself.”

Ms. Voisin notes that she became a vegetarian and then vegan while living in a small town in South Carolina; she now lives in Jackson, Miss.

“If I can be a vegan in these not-quite-vegan-centric places, you can do it anywhere,” she said. “I think people who try to do it all at once overnight are more apt to fail. It’s a learning process.”

---

What are your tips for vegan cooking and eating? Share your suggestions on ingredients, recipes and strategies by posting a comment below or tweeting with the hashtag #vegantips.

Read More..

The Caucus: Credit Rating Agency Warns of Downgrade if Debt Limit Is Not Raised

Fitch Ratings Ltd. warned on Tuesday that Congress’s failure to raise the federal government’s statutory borrowing limit would “very likely” prompt a downgrading of the United States Government’s credit rating, and the agency seemed to suggest that Congress should simply do away with the debt ceiling altogether.

In a pointed statement, Fitch dismissed the assurances of some Republicans that the Treasury Department would be able to use incoming tax receipts to prioritize the payment of government debt and interest, as well as vital services like military pay and Social Security. That warning echoed the Treasury’s own assessment that breaching the debt ceiling could not be managed in any way that would minimize the economic turmoil or avoid default.

“It is not assured that the Treasury would or legally could prioritize debt service over its myriad of other obligations, including Social Security payments, tax rebates and payments to contractors and employees. Arrears on such obligations would not constitute a default event from a sovereign rating perspective but very likely prompt a downgrade even as debt obligations continued to be met,” Fitch wrote.

Standard & Poor’s, a larger credit rating agency, downgraded United States debt a notch in August 2011 after the last standoff over the federal debt limit, reflecting “our view that the effectiveness, stability, and predictability of American policy making and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned.”

Fitch and Moody’s Investors Service, the other major rating agency, did not follow suit, keeping the rating of United States Treasury debt at AAA. Far from serving as a unifying moment, the S.&P. downgrade divided Washington further. Republicans said the downgrade resulted from President Obama’s refusal to dramatically cut spending to get the federal deficit under control. Democrats said it was a reflection of political paralysis that stemmed from Republican intransigence.

The Fitch warning seemed to hem in Republicans further, however. Mr. Obama has repeatedly said he will not negotiate over the debt ceiling, and on Monday, he compared Republican refusal to raise it to a criminal taking a hostage. Fitch appeared to side with the president.

“In Fitch’s opinion, the debt ceiling is an ineffective and potentially dangerous mechanism for enforcing fiscal discipline. It does not prevent tax and spending decisions that will incur debt issuance in excess of the ceiling while the sanction of not raising the ceiling risks a sovereign default and renders such a threat incredible,” the agency wrote.

Read More..